A record number of consumers are 3 months or more behind in the car payments as consumers are less and less interested in borrowing despite record low unemployment levels and more jobs available than job seekers.

We’ve seen the reports of rising consumer debt, and a new one confirms one aspect of our Cash-strapped Consumer investing theme — “wage growth has been stagnant for five years for a large segment of the working populace — and that using cards is the result of the simple fact that people have to use […]